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Reliance Capital gains after board approves independent listing of home finance business

Reliance Capital gains after board approves independent listing of home finance business

Sep 14,2016

The announcement was made yesterday, 13 September 2016, when stock market remained closed on account of Bakri Id.

Meanwhile, the S&P BSE Sensex was down 46.19 points or 0.16% at 28,307.35.

On BSE, so far 6.75 lakh shares were traded in the counter as against average daily volume of 5.01 lakh shares in the past one quarter. The stock hit a high of Rs 561.50 and a low of Rs 546.65 so far during the day. The stock had hit a 52-week high of Rs 574 on 9 September 2016. The stock had hit a 52-week low of Rs 303.60 on 12 February 2016. The stock had outperformed the market over the past one month till 12 September 2016, rising 21.96% compared with 0.71% rise in the Sensex. The scrip had also outperformed the market in past one quarter, rising 32.06% as against Sensexs 6.45% rise.

The large-cap company has equity capital of Rs 252.63 crore. Face value per share is Rs 10.

Reliance Capital said the independent listing of Reliance Home Finance (RHF) is expected to unlock substantial value for existing shareholders of Reliance Capital. The listing of Reliance Home Finance will also lead to increased management focus and accelerated growth in the home finance business. As per the proposal, 49% stake in Reliance Home Finance Limited will be allotted to all shareholders of Reliance Capital, in the ratio of one share free of cost in Reliance Home Finance for every one share held in Reliance Capital.

Reliance Capital will hold a 51% stake in Reliance Home Finance, and the company will be adequately capitalised to grow the lending book to over Rs 20000 crore in the next 18 months. The proposal is subject to necessary shareholders and other approvals. Reliance Home Finance, a 100% subsidiary of Reliance Capital, provides a wide range of loan solutions like home loan, LAP, construction finance and affordable housing loans. The company reported an AUM of Rs 8259 crore ($1.2 billion) during the quarter ended 30 June 2016.

Mr. Anmol A. Ambani, Director, Reliance Capital said Prime Minister, Narendra Modi has set a goal of affordable housing for all by 2022. There is presently an estimated shortage of 10 crore residential units in India. To address the needs of this sector, Reliance Home Finance has charted an aggressive growth plan in this space, and aims to increase its book size to over Rs 50000 crore in the next few years.

On a consolidated basis, Reliance Capitals net profit rose 3% to Rs 207 crore on 48.3% growth in total income to Rs 3663 crore in Q1 June 2016 over Q1 June 2015.

Reliance Capital, a part of the Reliance Group, is one of Indias leading private sector financial services companies.

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Jaypee Infratech reports standalone net loss of Rs 131.77 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Jaypee Infratech reported to Rs 131.77 crore in the quarter ended September 2016 as against net loss of Rs 169.14 crore during the previous quarter ended September 2015. Sales declined 44.73% to Rs 186.67 crore in the quarter ended September 2016 as against Rs 337.77 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales186.67337.77 -45 OPM %5.880.37 - PBDT-176.14-233.18 24 PBT-186.22-242.15 23 NP-131.77-169.14 22

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Puravankara Projects consolidated net profit rises 56.17% in the September 2016 quarter
Dec 09,2016

Net profit of Puravankara Projects rose 56.17% to Rs 42.12 crore in the quarter ended September 2016 as against Rs 26.97 crore during the previous quarter ended September 2015. Sales declined 11.05% to Rs 375.23 crore in the quarter ended September 2016 as against Rs 421.86 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales375.23421.86 -11 OPM %32.3223.45 - PBDT63.1243.68 45 PBT58.9640.01 47 NP42.1226.97 56

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Jindal Steel & Power reports consolidated net loss of Rs 745.98 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Jindal Steel & Power reported to Rs 745.98 crore in the quarter ended September 2016 as against net loss of Rs 909.53 crore during the previous quarter ended September 2015. Sales declined 1.25% to Rs 4485.44 crore in the quarter ended September 2016 as against Rs 4542.00 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales4485.444542.00 -1 OPM %18.9122.07 - PBDT-22.54238.48 PL PBT-1021.14-605.52 -69 NP-745.98-909.53 18

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GOL Offshore reports standalone net loss of Rs 239.47 crore in the September 2016 quarter
Dec 09,2016

Net Loss of GOL Offshore reported to Rs 239.47 crore in the quarter ended September 2016 as against net loss of Rs 28.56 crore during the previous quarter ended September 2015. Sales declined 74.06% to Rs 60.19 crore in the quarter ended September 2016 as against Rs 232.03 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales60.19232.03 -74 OPM %-61.7410.32 - PBDT-24.376.87 PL PBT-54.48-29.92 -82 NP-239.47-28.56 -738

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Puravankara Projects standalone net profit rises 27.05% in the September 2016 quarter
Dec 09,2016

Net profit of Puravankara Projects rose 27.05% to Rs 53.68 crore in the quarter ended September 2016 as against Rs 42.25 crore during the previous quarter ended September 2015. Sales rose 49.51% to Rs 296.15 crore in the quarter ended September 2016 as against Rs 198.08 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales296.15198.08 50 OPM %34.9427.33 - PBDT70.9546.18 54 PBT68.4343.55 57 NP53.6842.25 27

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Jindal Steel & Power reports standalone net loss of Rs 407.19 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Jindal Steel & Power reported to Rs 407.19 crore in the quarter ended September 2016 as against net loss of Rs 310.49 crore during the previous quarter ended September 2015. Sales declined 4.33% to Rs 3023.39 crore in the quarter ended September 2016 as against Rs 3160.24 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales3023.393160.24 -4 OPM %17.5620.12 - PBDT-123.06-37.31 -230 PBT-646.79-448.12 -44 NP-407.19-310.49 -31

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Steel Authority of India reports standalone net loss of Rs 731.58 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Steel Authority of India reported to Rs 731.58 crore in the quarter ended September 2016 as against net loss of Rs 1108.04 crore during the previous quarter ended September 2015. Sales rose 21.77% to Rs 11079.29 crore in the quarter ended September 2016 as against Rs 9098.53 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales11079.299098.53 22 OPM %1.01-10.21 - PBDT-423.17-1369.68 69 PBT-1089.04-1898.06 43 NP-731.58-1108.04 34

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Electrosteel Steels reports standalone net loss of Rs 485.89 crore in the September 2016 quarter
Dec 09,2016

Net Loss of Electrosteel Steels reported to Rs 485.89 crore in the quarter ended September 2016 as against net loss of Rs 203.57 crore during the previous quarter ended September 2015. Sales declined 2.56% to Rs 556.93 crore in the quarter ended September 2016 as against Rs 571.56 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales556.93571.56 -3 OPM %-13.12-3.49 - PBDT-365.08-152.89 -139 PBT-485.89-203.57 -139 NP-485.89-203.57 -139

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Claris Lifesciences reports standalone net profit of Rs 5.01 crore in the September 2016 quarter
Dec 09,2016

Net profit of Claris Lifesciences reported to Rs 5.01 crore in the quarter ended September 2016 as against net loss of Rs 8.06 crore during the previous quarter ended September 2015. Sales declined 88.79% to Rs 15.80 crore in the quarter ended September 2016 as against Rs 140.93 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales15.80140.93 -89 OPM %-141.20-8.23 - PBDT1.312.13 -38 PBT1.131.98 -43 NP5.01-8.06 LP

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SEAMEC reports standalone net loss of Rs 20.22 crore in the September 2016 quarter
Dec 09,2016

Net Loss of SEAMEC reported to Rs 20.22 crore in the quarter ended September 2016 as against net loss of Rs 28.31 crore during the previous quarter ended September 2015. Sales rose 11.76% to Rs 24.23 crore in the quarter ended September 2016 as against Rs 21.68 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales24.2321.68 12 OPM %-41.77-104.34 - PBDT-6.37-15.51 59 PBT-19.05-27.20 30 NP-20.22-28.31 29

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NLC India standalone net profit declines 13.62% in the September 2016 quarter
Dec 09,2016

Net profit of NLC India declined 13.62% to Rs 300.42 crore in the quarter ended September 2016 as against Rs 347.79 crore during the previous quarter ended September 2015. Sales rose 19.70% to Rs 2056.67 crore in the quarter ended September 2016 as against Rs 1718.19 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales2056.671718.19 20 OPM %30.0935.77 - PBDT669.63698.61 -4 PBT492.78525.82 -6 NP300.42347.79 -14

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MMTC standalone net profit declines 76.57% in the September 2016 quarter
Dec 09,2016

Net profit of MMTC declined 76.57% to Rs 10.45 crore in the quarter ended September 2016 as against Rs 44.60 crore during the previous quarter ended September 2015. Sales declined 71.55% to Rs 1389.95 crore in the quarter ended September 2016 as against Rs 4884.99 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales1389.954884.99 -72 OPM %-1.97-0.68 - PBDT2.065.83 -65 PBT0.954.57 -79 NP10.4544.60 -77

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Finolex Industries standalone net profit rises 27.63% in the September 2016 quarter
Dec 09,2016

Net profit of Finolex Industries rose 27.63% to Rs 51.32 crore in the quarter ended September 2016 as against Rs 40.21 crore during the previous quarter ended September 2015. Sales declined 1.77% to Rs 453.64 crore in the quarter ended September 2016 as against Rs 461.83 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales453.64461.83 -2 OPM %19.1811.35 - PBDT92.6747.42 95 PBT78.7934.77 127 NP51.3240.21 28

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Claris Lifesciences consolidated net profit rises 169.92% in the September 2016 quarter
Dec 09,2016

Net profit of Claris Lifesciences rose 169.92% to Rs 32.39 crore in the quarter ended September 2016 as against Rs 12.00 crore during the previous quarter ended September 2015. Sales declined 0.65% to Rs 192.13 crore in the quarter ended September 2016 as against Rs 193.39 crore during the previous quarter ended September 2015.

ParticularsQuarter Endedn++Sep. 2016Sep. 2015% Var. Sales192.13193.39 -1 OPM %24.966.63 - PBDT45.5322.27 104 PBT41.4218.24 127 NP32.3912.00 170

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Board of Western India Shipyard approves preferential issue of shares and warrants
Dec 09,2016

Western India Shipyard announced that the Board of Directors of the Company at the meeting held on 09 December 2016, inter-alia, approved the following :

1. The Board approved the preferential issue and allotment of upto maximum 9,25,00,000 equity shares of Rs. 2/- each at par to Bermaco Energy, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

2. The Board further approved the preferential issue and allotment of upto maximum 3,25,00,000 share warrants carrying a right to subscribe to an equivalent number of equity shares of the face value of Rs. 2 at a price to be determined in accordance with the SEBI (ICDR) Regulations, subject to the approval of the shareholders at the ensuing Annual General Meeting of the Company.

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